18. But who would replace him, someone as keen or more compliant to Wall Street's will?
There are things the NY State AG can do that few people can, due to knowledge of the financial sector and familiarity with the people in it. That is a lifetime of experience that is not easily gained.
Obama could make use of him, sure, but look what happened when he took Napolitano from AZ, which ended with the Teahadists and Brewer going full blown wacko.
These lower positions can be more important on the ground than what others in D.C. do. More is determined at the state level than the federal, such as voting practices. The misery of this last election was created locally, not by Washington, D.C.
But you likely know a lot more about what is going on New York state, I'm on the Left Coast.